{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Low Carbon 100 Europe PAB, a subfund of the SICAV BNP PARIBAS EASY",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS-compliant, passively managed index-tracking fund that seeks to replicate the Low Carbon 100 Europe PAB\u00ae (NTR) index using either full replication or optimized sampling of shares. The KIID and PRIIPs KID documents explicitly state that the fund invests directly in shares of companies included in the index, with no mention of synthetic replication, swap agreements, or derivative instruments as part of the investment strategy. The fund does not employ leverage, inverse exposure, or capital protection mechanisms. The risk profile is moderate (4 out of 7), consistent with direct equity investment risk, and there are no indications of complex underlying assets such as contingent convertible bonds or CLOs. The factsheet confirms the fund holds 99 equity securities, with no mention of derivatives or swaps, and the replication method is physical. Costs are straightforward with no swap fees or performance fees. There is no complexity warning or comprehension warning in the PRIIPs KID. Therefore, the fund is classified as non-complex under MiFID II criteria."
}